Commonwealth Consolidated Acts

OFFSHORE MINERALS ACT 1994 - SECT 157

    If:

  (a)   a retention licence holder applies for a mining licence over the licence area, or part of the licence area, of the retention licence; and

  (b)   the current term of the retention licence expires; and

  (c)   a grant of the mining licence does not take effect before the current term of the retention licence expires;

the retention licence remains in force until:

  (d)   the grant of the mining licence takes effect; or

  (e)   a provisional grant of the mining licence lapses; or

  (f)   the application for the mining licence is withdrawn or refused.